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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: koan who wrote (258342)7/3/2010 1:38:24 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
>>One can never let children starve based on a theory. That is just plain nuts.<<

The problem is, Keynesianism is just a theory, too.

In practice it fails, repeatedly because no one is politically capable or resolute enough to pay back the debts incurred from stimulative fiscal/monetary policies during the lean times. So the debts simply grow and grow and grow. Unfortunately this theory has captured all of the major Anglo-American academic economists, so there is no real voice for an alternative (and their ARE important alternatives out there, specifically the Austrian school).

So in a nutshell, we are farked.
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